Property Market Monthly Fact File – March 2015

Office for National Statistics – December 2014
UK Average = £272k, up 9.8% over the year, a 0.7% increase over the month
Excluding London and the South East: Average = £208k, up 7.4% over the year.

Land Registry – January 2015
Average for England and Wales = £179,492, up 1.3% in the month, up 6.7% over the year.

Halifax – January 2015
UK Average = £193,130, up 2.0% in the month, up 1.9% in the quarter, up 8.5% in the year.

Nationwide – February 2015
UK average = £187,964, down 0.1% in the month, up 5.7% in the year.

Rightmove –11th January to 7th February 2015
UK average = £279,004, up 2.1% in the period, up 6.6% in the year.

Acadata – January 2015
Average England and Wales = £277,857, up 0.3% from last month, up 7.5% in the year.
Excluding London and the South East: up 4.5% in the year.

REGIONAL HOUSE PRICES

Office for National Statistics – November 2014
England average = £285k, up 10.2% over the year.
Wales average = £173k, up 4.0% over the year.
Scotland average = £193k, up 5.5% over the year.
Northern Ireland average = £142k, up 4.9% over the year.

Average price

Monthly change

Annual change

Rightmove regional figures

Greater London

£582,438

+2.8%

+9.7%

South East

£363,992

+1.8%

+8.1%

South West

£268,580

+0.4%

+5.6%

East of England

£290,534

+1.9%

+7.5%

West Midlands

£190,767

+0.7%

+4.1%

East Midlands

£181,177

+2.3%

+4.7%

Wales

£169,136

+1.4%

+1.8%

North West

£169,181

+3.4%

+2.5%

Yorkshire & Humberside

£181,177

+2.3%

+4.7%

North East

£143,661

+6.4%

+4.5%

Average price

Monthly change

Annual change

Land Registry regional figures

London

£458,283

-0.2%

+12.0%

South East

£242,232

+1.2%

+9.4%

South West

£187,032

+1.5%

+6.3%

East

£200,925

+1.4%

+10.4%

West Midlands

£137,367

+0.9%

+4.4%

East Midlands

£132,984

+0.9%

+4.7%

Wales

£119,263

+0.7%

+1.6%

North West

£113,861

+2.6%

+3.7%

Yorkshire & Humberside

£119,408

-1.5%

+2.8%

North East

£97,974

-0.2%

+0.1%

FOCUS ON LONDON
Largest changes according to:Rightmove (11th Jan to 7th Feb 2015)

Average price

Monthly change

Annual change

Hounslow

£513,973

+10.7%

[+14.4%]

Haringey

£560,981

-7.7%

[+22.6%]

Newham

£338,643

[+1.9%]

+26.4%

Kensington & Chelsea

£2,317,078

[+5.7%]

-4.8%

LSL Acadata (Jan ’15):

Average price

Monthly change

Annual change

Brent

£503,963

+3.8%

[+5.6%]

Merton

£557,699

-7.3%

[+13.7%]

City of Westminster

£1,563,831

[-3.7%]

+28.1%

Tower Hamlets

£443,430

[+1.3%]

+3.6%

Land Registry (Jan ’15):

Average price

Monthly change

Annual change

Camden

£812,868

+1.7%

[+15.1%]

Kensington & Chelsea

£1,294,767

-1.9%

+7.2%

Newham

£293,134

[+0.2%]

+23.4%

[Figures in bold are the top and bottom of the scale, figures in square brackets are for information only]

RICS Survey Overview.

The RICS Residential Market Survey for January 2015 (published 12th February 2015) says that “Scotland and Northern Ireland continue to outperform”, and that “Sales edge up for the second consecutive month”.
As last month, Northern Ireland saw the largest price increases over the month, followed by Scotland, whilst London once again saw the only decrease.
Scotland had the highest level of agreed sales, whereas London saw the largest falls. The South West was the only other region to see a fall.
Scotland also had the highest positive levels of new buyer enquiries in the month whereas the South East saw the largest drop.
The highest level of New Vendor instructions was in the South West, whereas the lowest was in the North West.
Source: Royal Institution of Chartered Surveyors

Rightmove.co.uk is the UK’s leading property website, displaying details of homes for sale or rent to the largest online audience. It is consistently ranked the number one property website in the UK (source: Experian Hitwise). It has around 90% of all properties for sale and at any time displays a stock of over one million properties to buy or rent, worth around £270 billion. The Rightmove.co.uk site attracts over 90 million visits from home movers each month who view in excess of one billion pages (Rightmove data, October 2014).

The Office for National Statistics (ONS) House Price Index (HPI), previously published by the Department for Communities and Local Government (DCLG), is a monthly release that publishes figures for mix-adjusted average house prices and house price indices for the UK, its component countries and regions.

The index is calculated using mortgage financed transactions that are collected via the Regulated Mortgage Survey by the Council of Mortgage Lenders.